S32 oversold?, page-2

I'd say its a good time to top up. I did today as I think its been overdone. The main commodity that I'm interested in is manganese. S32 and OMH are the only two manganese miners on the ASX. The profits from manganese ore are huge at present, and I don't think many investors realise the profits generated from manganese.

I posted this on the OMH thread a couple of days ago, it shows the huge profits that S32 is generating from manganese.

"When you look at the huge profits that S32 is generating on manganese it gives some insight into the profits being generated by OMH.

The main difference is that OMH takes it a step further and is the only pure Mn alloy producer on the ASX.


South32’s earnings soar by 87% at South African manganese division
South32 recorded a 87% year-on-year increase in earnings before interest and tax (Ebit) for the half year to December 31, 2017 at its South Africa Manganese division.
The division generated $86 million from revenues of $228 million compared with $175 million for the same period the year before. The miner’s Australia Manganese division recorded Ebit of $299 million, up 44% year on year, while revenue grew to $516 million from $390 million. South32’s manganese operations outperformed the company itself.